The nervous wait to exchange....

redline · 17 Nov 2017 at 18:52

fastwunz said:
Got away with it didn’t they? Jolly good.

If they did then good! and I don't give a flying fig... We were with our previous agents for 16 weeks, which was the contract period [and they were rubbish]. We then moved to a new agent, who did a completely different set of details (photos etc.) and pitch/marketing for the property. If that's not a 'new instruction' I don't know what is?... and they pay Rightmove, Zoopla ect, so everyone's a winner are they not?... no one is being conned here :rolleyes:

Why this bothers you is baffling and rather sad... Anyway, 'exchanged' and we move on the 28th of Nov.

Greg0986 said:
Exchanged today and we get the keys on the 30th

Nice!... Good luck to you, and all the others getting in before Christmas... by the skin of their teeth :eek:

Hagar · 18 Nov 2017 at 11:22

TripleT said:
I'm never moving house again.

I concur completely.

65 now, unless this latest bungalow is a complete disaster, they can carry me out in a box.

redline · 18 Nov 2017 at 14:54

nkata said:
they can carry me out in a box.

Ha-ha... I said the same thing to my wife two days ago. We have wanted to move to Cornwall, and would have done so this time if the right property had come-up (it's even deader there than in Devon) so, we have put it off... but, after this I never want to go through the trauma again

However, as she pointed out, it's like childbirth.... you forget the pain and do again

so maybe I'll change my mind in a few years.

I just wish the whole process could be made easier and quicker.... and I keep being told by people who have lived and bought in other countries that it is much better elsewhere, so, why not here?

fastwunz · 18 Nov 2017 at 19:07

redline said:
If they did then good! and I don't give a flying fig... We were with our previous agents for 16 weeks, which was the contract period [and they were rubbish]. We then moved to a new agent, who did a completely different set of details (photos etc.) and pitch/marketing for the property. If that's not a 'new instruction' I don't know what is?... and they pay Rightmove, Zoopla ect, so everyone's a winner are they not?... no one is being conned here

Why this bothers you is baffling and rather sad... Anyway, 'exchanged' and we move on the 28th of Nov.

Nice!... Good luck to you, and all the others getting in before Christmas... by the skin of their teeth

It bothers me for the same reason the law was brought in. It’s false advertising and that’s the end of it. It’s conning the general viewing public into thinking its a new instruction when it isn’t. It’s unfair on the competition and this in direct breach of marketing laws.

It’s not your fault and you are not to blame per se but given your comments you are absolutely complicit. Your agent knew well what it was doing and shouldn’t have. In all likelihood the previous agent has followed protocol and reported your agent to Rightmove who in turn will treat the matter as they see fit. It will not affect you and that’s fortunate for you as currently there is no redress against the home owner but that won’t always be the case. Anyway let’s leave it there - congratulations on your move and I hope you are very happy.

photoshop · 22 Nov 2017 at 16:55

Stamp duty abolished today for first time buyers effective immediately.

Wonder where this leaves me in my purchase as I complete in January but purchased last month.

Kol · 22 Nov 2017 at 17:12

You pay stamp duty on completion, so if you haven't completed then you will only pay the new rate (or none at all if it's <£300k).

Brookert · 22 Nov 2017 at 21:00

Thanks big Phil, you've just saved me £2000.

photoshop · 22 Nov 2017 at 21:34

Damn, looks like I dont qualify and will still have to pay SD :/
Bought a house jointly with the ex-mrs in the past and divorced so no longer classed as a first time buyer.

Damn, could have had more money to spend on Black Friday.

Skillmister · 23 Nov 2017 at 09:16

photoshop said:
Bought a house jointly with the ex-mrs in the past and divorced so no longer classed as a first time buyer.

To expect otherwise would have been pretty optimistic!

Captain · 23 Nov 2017 at 12:52

TripleT said:
What's the 4th time?

4th time applying for a mortgage, got into bad debt when I was younger and have been refused a mortgage 3 times.

My appointment went ok, they said with the deposit I have now plus the new wages I’m earning I should be ok.

TripleT · 23 Nov 2017 at 13:05

Clov!s said:
4th time applying for a mortgage, got into bad debt when I was younger and have been refused a mortgage 3 times.

My appointment went ok, they said with the deposit I have now plus the new wages I’m earning I should be ok.

Ah, Great stuff then, a good Financial Advisor makes things a lot easier I must say, especially in less than straight forward circumstances. First time round I went direct to the a bank, this time I didn't and it's been a breeze from that side.

Marmot · 23 Nov 2017 at 13:54

Kol said:
You pay stamp duty on completion, so if you haven't completed then you will only pay the new rate (or none at all if it's <£300k).

I don't think this is true. Yes you pay on completion but it is calculated on exchange. Speak to solicitor but I'm 99% if you exchanged before yesterday you will pay old rate of stamp, no exceptions.

Skillmister · 23 Nov 2017 at 13:57

Osprey said:
I don't think this is true. Yes you pay on completion but it is calculated on exchange. Speak to solicitor but I'm 99% if you exchanged before yesterday you will pay old rate of stamp, no exceptions.

Incorrect.

Stamp duty is calculated on the effective date of the transaction, which is the completion date. It even expressly states on the gov.uk page that you get relief if "you complete your purchase on or after 22 November 2017"

Kimi · 23 Nov 2017 at 23:41

Back in here. Seems I sell up every two years . Mortgage approval received today. Fingers crossed for a fast exchange

Spikey · 25 Nov 2017 at 08:35

We are still looking, the market has completely come to a standstill with the run up to Christmas so I think our search will resume in the new year. I have a sneaky suspicion the house we wanted but fell through will turn up again.

Brookert · 27 Nov 2017 at 21:45

Exchanged today, complete next week. Put in our offer at the end of September so that's not too bad.

Finally get our own home, at the young age of....err........28.

Deadly Ferret · 27 Nov 2017 at 22:33

photoshop said:
Damn, looks like I dont qualify and will still have to pay SD :/
Bought a house jointly with the ex-mrs in the past and divorced so no longer classed as a first time buyer.

Do you still own the house? If not then I think you may well qualify; that's how the additional rate works anyway, so check it out in case. For example, if you still owned the house you would be liable for the additional rate, but if you no longer own it then you would only pay the normal rate. (Or if you still own it, but then sell it soon after, you would be entitled to a refund of the additional rate component.)

Richie · 28 Nov 2017 at 06:49

Brookert said:
Exchanged today, complete next week. Put in our offer at the end of September so that's not too bad.

Finally get our own home, at the young age of....err........28.

Average age of FTB as of 2016 was 30 so not too bad...

Skillmister · 28 Nov 2017 at 07:06

Deadly Ferret said:
Do you still own the house? If not then I think you may well qualify; that's how the additional rate works anyway, so check it out in case. For example, if you still owned the house you would be liable for the additional rate, but if you no longer own it then you would only pay the normal rate. (Or if you still own it, but then sell it soon after, you would be entitled to a refund of the additional rate component.)

Nope. To qualify for first time buyer relief you have to declare that you do not currently, and never have previously, owned property.

Glaucus · 28 Nov 2017 at 18:11

quick question when making a low(very low) offer would you say why you are putting a low offer in, it's been advertised for almost 6 months?